Home Buyers Need a Bill of Rights

Regulation of the Real Estate industry in New Brunswick

In New Brunswick, the Real Estate industry is co-regulated by The New Brunswick Financial and Consumer Services Commission (FCNB) and the New Brunswick Real Estate Association (NBREA)

New Brunswick Financial and Consumer Services Commission (FCNB)

FCNB is responsible for the regulation and enforcement of real estate legislation namely
The Real Estate Agents Act. Other than rules regarding the security of the Buyer's deposits,
There is nothing in the Act specific to the protection of Buyers.

The New Brunswick Real Estate Association (NBREA)

"The NBREA is a provincial association of REALTORS® working together to strengthen and promote standards of professionalism. The NBREA was incorporated in 1958 and today represents over 950 agents, salespeople and affiliate members throughout the province." The NBREA administers the
New Brunswick Real Estate Association Act.
There is nothing in the Act specific to the protection of Buyers.

Correspondence with FCNB concerning Home Buyer protection

Chuk's message to FCNB    4/26/21, 1:22 PM
I am concerned with a rapidly growing trend whereby Sellers are refusing to accept offers conditional on a Home Inspection. In short, Sellers (and possibly Realtors / Agents) are removing the Buyer's protection even though the Sellers are signing Property Disclosure Statements that state that it is the Buyer's responsibility to verify the accuracy of the information provided and that the Buyer can use a third party to do so.
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Status Inspection & Design ®
Real Estate Inspection Service
506-461-0549    info@status.ca